Sandy Recovery Continues: 86,000 Jobs Lost In Storm; Obama Asks For $50 Billion In Aid

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http://blogs.villagevoice.com/runninscared/2012/12/sandy_recovery.php


Amidst talks of the now-notorious New York Post cover and the fiscal cliff dilemma, the November jobs report slowly crept out into the news stream - a sheer side-effect of the unfortunate fact that the election is now over and unemployment stats have less of a dramatic effect on our national conversation.

Within this report, word came that the country underwent a growth of 116,000 jobs but a startling part of the overall picture went under the radar: because of Hurricane Sandy's devastation, 86,000 jobs were lost. Read that again: 86,000.

The crippling hit mostly came in manufacturing, retailing and leisure - in many of the communities along the Eastern Seaboard, entire sectors were wiped out and still seek reconstruction. Because of this. President Obama is expected to ask the Hill for $50 billion in aid sometime this week for states in need of a federal funding IV. This number is a bit ($32 billion) below the amount asked by New York, New Jersey and Connecticut.

And, luckily, it comes at a time when the last thing the legislative branch wants to do is listen to the executive's demands.